Circle Oil makes third Moroccan gas discovery
Tuesday, Feb 17, 2009
AIM-listed oil and gas exploration company Circle Oil (COPU.L: Quote) has made its third successful gas discovery in Morocco, the company said on Sunday.
The KSR-8 well at its Sebou permit in the Rharb Basin is being completed as a potential producer, Circle said.
"This discovery, which is our third success in three wells drilled in Morocco, is particularly pleasing as it flowed under test at one of the highest flow rates ever in the Rharb," said CEO David Hough.
Source: Reuters
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